TGS has commenced an extensive multi-phase reprocessing program of 2D seismic data located in the Makassar Strait, Indonesia. The first phase consists of 2,700 km of seismic data in the Northern Mahakam Delta. The original and reprocessed data support the exploration potential of the deepwater area
Karoon advises that the Marujá-2 appraisal well is currently completing its drilling operations in this location, after drilling an initial deviated well (3-SPS-83D) to a measured depth of 2,530m, followed by side-track vertical well (3-SPS-84P) drilled to a measured depth of 2,389m. Both wells enco
Otto Marine Limited, , a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, announces that its shipbuilding arm and wholly-owned subsidiary, Otto Offshore Limited has entered into a sales agreement
The Helix Well Containment Group (HWCG) announced today it will substantially increase its subsea well containment capabilities this year by expanding its ability to control and contain a release in water depths up to 10,000 feet. HWCG is a consortium of 22 deepwater operators in the Gulf of Mexico
Sartor Offshore has ordered a Norwegian ship design developed from Havyard Ship Technology AS . The PSV, which will be built at shipyard in Sogn, is scheduled for delivery in January 2012. “The contract is based on optimism within the industry. Currently, the vessel does not have a contract, however
Paxton Energy, Inc. , an energy turnaround company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, announces that on March 28, 2011, Paxton entered into a definitive agreement with Montecito Offshore, LLC (“Montecito”) of Louisiana to acquire a 70
Norwegian Energy Company (Noreco) has chosen to terminate the agreement to sell Noreco’s interests in the Oselvar and Enoch fields to Marubeni Corporation (Marubeni). The agreement with Marubeni was entered into in September 2010. On 3 March 2011 it was announced that the buyer had not yet fulfilled
Statoil and KazMunayGas have signed the Heads of Agreement (HoA) on the Abay block in the Kazakhstani sector of the Caspian Sea. Under the HoA, the parties plan to conduct evaluation of the hydrocarbon potential of the “Abay” block in the Northern Caspian Sea. Statoil and KazMunayGas will jointly es
Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine has signed a long-term alliance contract with Teekay Marine Services, Canada, to provide ship-repair, refurbishment, upgrading and related marine services for its fleet of 137 ships. Teekay Marine Services is a subsidiary of Teekay Cor
A report requested by President Obama and released today by the Department of the Interior shows that more than two-thirds of offshore leases in the Gulf of Mexico and more than half of onshore leases on federal lands remain idle, neither producing nor under active exploration and development by com
The Gazprom headquarters hosted yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Helge Lund, President and Chief Executive Officer of Statoil. The parties discussed the situation in the European energy market and shared an opinion that sustained g
Farstad Shipping announces it has been awarded the following charter contracts: Subsea vessel Far Saga (2001, UT 745L, 3.475 DWT) has been awarded a 6 month firm contract by Subsea 7 in Norway. The charter will commence immediately and include an option for further 15 months. AHTS Far Sabre (2008, U
Lansdowne Oil & Gas plc, (“Lansdowne”) announces it has signed a contract with Polarcus Limited (“Polarcus”) for the acquisition of 3D seismic surveys over the Rosscarbery, Amergin and Midleton Prospects in the North Celtic Sea, offshore Ireland, covering an aggregate area of approximately 300 squar
Aker Solutions has been awarded a letter of intent (LOI) by Statoil for the engineering, procurement and construction of a subsea production system for the Fossekall-Dompap project on the Norwegian continental shelf. Aker Solutions estimates the contract value to be approximately NOK 1 billion. Scop
